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201202967
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4/17/2012 8:56:51 AM
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4/17/2012 8:56:50 AM
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DEEDS
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201202967
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�012U2�G� <br />designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of <br />Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, <br />then Bonower sha11 only report a change of address through that specified procedure. <br />There may be only one designated norice address under this Security Instrument at any one time. Any notice <br />to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein <br />unless Lender has designated another address by notice to Borrower. Any notice in connection with this <br />Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If <br />any norice required by this Security Instrument is also required under Applicable Law, the Applicable Law <br />requirement will satisfy the corresponding requirement under this Security Instrument. <br />16. Governing Law; Severability; Rules of Construction. This 5ecurity Instrument shall be governed by <br />federal law and the law of the jurisdiction in which the Property is lacated. All rights and obligations <br />contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. <br />Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but <br />such silence shall not be construed as a prohibition against agreement by contract. In the event that any <br />provision or clause of this Security Instrument or the Note conflicts with Applicable Iaw, such conflict shall <br />not affect other provisions of this Security Instrument or the 1Vote which can be given effect without the <br />conIIicting pmvi,sion. <br />As us�l in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding <br />neuter words or worrass of the feminine gender; (b) words in the singulaz shalt mean and include the plural <br />and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any acrion. <br />17. Boreower's Copy. Borrower shalt be given one copy of the Note anc� of this Security Instrument. <br />18. Trsnsfer of the 6'rcperty or a Beneficiat Interest in Borrower. As used in this Section 18, "Interest in <br />the Properiy" � aay Iega� or beneficial interest in the Property, i�luding, but not limited to, those <br />benefrcial interests transferred in � lrond for deed, contract for deed, installment sales contract or escrow <br />agreement, the inte� c�f wTzich is the transfer of title by Borrower at a future date to a purchaser. <br />If all or any pazt of tfie Praperty or any Interest in the Property is sold or transferred (or if Bonower is not a <br />natural person a�cd a beneScial interest in Borrower is sold or transferred) without Lender's prior written <br />consent, L,ender may reg,uire immediate payment in full of all sums s�ured by this Security Instrument. <br />However, this option sliall not be exercised by Lender if such exercise is prohibited by Applicable Law. <br />If Lender exercises this option, I�nder shall give Bonower notice of acceleration. The notice shall provide a <br />geriod of �t less than 30 days from the date the norice is given in accordance with Section 15 within which <br />Borrower must pay all sums secured by this Security Instrument. If Bonower fails to pay these sums prior to <br />the expiration of this period, Lender may invoke any remedies permitted by this Security Instnunent without <br />further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Bonower meets certain conditions, Borrower <br />shall have the right to have enforcement of this Security Instrument discontinued at any rime prior to the <br />earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in this Security <br />Instrument; (b) such other period as Applicable I.aw might specify for the termination of Bonower's right to <br />reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions aze that Borrower: <br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no <br />acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses <br />incutred in enforcing this Security Instrument, including, but not limited to, reasonable attomeys' fees, <br />property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest <br />NEBRASKA-S�ngle Family-Fannfe Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP � VMP6(NE) (1705� <br />Wolters Kluwer Financial Servtces Page 72 of 17 <br />
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